New Features > Mileage Tracking
Mileage Tracking
The mileage tracking feature gives you the ability to track mileage for as many vehicles or employees as you want. You can track depreciation for tax purposes for each vehicle or employee and the amount of miles to and from meeting with your customers for expense reimbursement. Keep track of mileage rates using an effective date to help keep up with changes from the IRS.
Also, use your mobile device to sync with AccountEdge Basic to import your mileage logs.
Create a list of all vehicles. You can give a detailed description along with add a picture of the vehicle.
 
To create a vehicle list
1
Go to the Lists menu and select Mileage. Select Vehicles from the menu. The Vehicle List window appears.
2
Click New. The Vehicle Information window appears. Enter the appropriate information.
3
Click OK.
Keep track of your mileage rates by creating a list of standard mileage rates.
To create a list of standard mileage rates
1
Go to the Lists menu and select Mileage Rates from the menu. The Standard Mileage Rates window appears.
2
Click New. The Standard Mileage Rate Information window appears.
3
Enter the Effective Date and Rate per Mile.
4
Click OK.
Keep track of the trips that each vehicle takes.
Enter the date of the trip, the mileage at the beginning of the trip and the end of the trip and have the software calculate the mileage expense.
To create a mileage slip
Go to the Accounts command center and click Mileage Log. The Mileage Log window appears.
Click New. The Enter Mileage Slip window appears.
Enter all available data and click Record.
 
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